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Star Petroleum Refining

DB:1XRN
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1XRN
DB
฿19B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Star Petroleum Refining Public Company Limited owns and operates a petroleum refinery in the Rayong Province of Thailand. The last earnings update was 39 days ago. More info.


Add to Portfolio Compare Print
  • Star Petroleum Refining has significant price volatility in the past 3 months.
1XRN Share Price and Events
7 Day Returns
6.9%
DB:1XRN
16.2%
DE Oil and Gas
9.9%
DE Market
1 Year Returns
-63%
DB:1XRN
23.3%
DE Oil and Gas
-17.5%
DE Market
1XRN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Star Petroleum Refining (1XRN) 6.9% -49.5% -64.7% -63% -70.3% -
DE Oil and Gas 16.2% -14.4% -27.4% 23.3% -22.4% 141.6%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • 1XRN underperformed the Oil and Gas industry which returned 23.3% over the past year.
  • 1XRN underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
1XRN
Industry
5yr Volatility vs Market

Value

 Is Star Petroleum Refining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Star Petroleum Refining to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Star Petroleum Refining.

DB:1XRN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:1XRN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7.5%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.814 (1 + (1- 20%) (35.58%))
1.03
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.03 * 7.46%)
7.3%

Discounted Cash Flow Calculation for DB:1XRN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Star Petroleum Refining is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:1XRN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (THB, Millions) Source Present Value
Discounted (@ 7.3%)
2020 5,551.15 Analyst x5 5,173.64
2021 5,026.00 Analyst x8 4,365.66
2022 4,849.08 Analyst x5 3,925.55
2023 4,731.45 Est @ -2.43% 3,569.85
2024 4,645.57 Est @ -1.82% 3,266.69
2025 4,581.11 Est @ -1.39% 3,002.30
2026 4,531.25 Est @ -1.09% 2,767.67
2027 4,491.43 Est @ -0.88% 2,556.79
2028 4,458.55 Est @ -0.73% 2,365.47
2029 4,430.48 Est @ -0.63% 2,190.73
Present value of next 10 years cash flows ฿33,184.00
DB:1XRN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ฿4,430.48 × (1 + -0.39%) ÷ (7.3% – -0.39%)
฿57,413.75
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ฿57,413.75 ÷ (1 + 7.3%)10
฿28,389.24
DB:1XRN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ฿33,184.00 + ฿28,389.24
฿61,573.24
Equity Value per Share
(THB)
= Total value / Shares Outstanding
= ฿61,573.24 / 4,335.90
฿14.2
DB:1XRN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:1XRN represents 0.02443x of SET:SPRC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.02443x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (THB) x Listing Adjustment Factor
= ฿ 14.20 x 0.02443
€0.35
Value per share (EUR) From above. €0.35
Current discount Discount to share price of €0.11
= -1 x (€0.11 - €0.35) / €0.35
68.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Star Petroleum Refining is available for.
Intrinsic value
>50%
Share price is €0.108 vs Future cash flow value of €0.34699
Current Discount Checks
For Star Petroleum Refining to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Star Petroleum Refining's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Star Petroleum Refining's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Star Petroleum Refining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Star Petroleum Refining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:1XRN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in THB ฿-0.65
SET:SPRC Share Price ** SET (2020-03-31) in THB ฿4.42
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Star Petroleum Refining.

DB:1XRN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SET:SPRC Share Price ÷ EPS (both in THB)

= 4.42 ÷ -0.65

-6.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Petroleum Refining is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • Star Petroleum Refining is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Star Petroleum Refining's expected growth come at a high price?
Raw Data
DB:1XRN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
94.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.13x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Star Petroleum Refining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Star Petroleum Refining's assets?
Raw Data
DB:1XRN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in THB ฿7.49
SET:SPRC Share Price * SET (2020-03-31) in THB ฿4.42
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.93x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:1XRN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SET:SPRC Share Price ÷ Book Value per Share (both in THB)

= 4.42 ÷ 7.49

0.59x

* Primary Listing of Star Petroleum Refining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Petroleum Refining is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Star Petroleum Refining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Star Petroleum Refining has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Star Petroleum Refining expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
94.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Star Petroleum Refining expected to grow at an attractive rate?
  • Star Petroleum Refining's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Star Petroleum Refining's earnings growth is expected to exceed the Germany market average.
  • Star Petroleum Refining's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:1XRN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:1XRN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 94.8%
DB:1XRN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:1XRN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in THB Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:1XRN Future Estimates Data
Date (Data in THB Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 178,731 6,421 3,796 10
2021-12-31 187,106 6,010 3,272 15
2020-12-31 170,495 5,046 125 14
2020-03-31
DB:1XRN Past Financials Data
Date (Data in THB Millions) Revenue Cash Flow Net Income *
2019-12-31 168,840 -3,726 -2,809
2019-09-30 195,704 9,432 -3,715
2019-06-30 203,447 -1,943 -1,542
2019-03-31 207,099 3,567 1,381
2018-12-31 209,159 6,483 2,263
2018-09-30 199,827 -1,003 8,717
2018-06-30 190,349 11,801 10,288
2018-03-31 175,113 9,494 8,559
2017-12-31 170,535 10,860 8,895
2017-09-30 169,499 8,835 9,133
2017-06-30 165,882 6,779 7,485
2017-03-31 166,554 9,542 9,894

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Star Petroleum Refining's earnings are expected to grow significantly at over 20% yearly.
  • Star Petroleum Refining's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:1XRN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Star Petroleum Refining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1XRN Future Estimates Data
Date (Data in THB Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.87 1.64 0.39 10.00
2021-12-31 0.77 1.50 0.10 15.00
2020-12-31 0.13 0.95 -1.28 11.00
2020-03-31
DB:1XRN Past Financials Data
Date (Data in THB Millions) EPS *
2019-12-31 -0.65
2019-09-30 -0.88
2019-06-30 -0.36
2019-03-31 0.32
2018-12-31 0.52
2018-09-30 2.01
2018-06-30 2.37
2018-03-31 1.97
2017-12-31 2.05
2017-09-30 2.10
2017-06-30 1.72
2017-03-31 2.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Star Petroleum Refining is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Star Petroleum Refining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Star Petroleum Refining has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Star Petroleum Refining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Star Petroleum Refining's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Star Petroleum Refining does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Star Petroleum Refining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Star Petroleum Refining's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Star Petroleum Refining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Star Petroleum Refining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:1XRN Past Revenue, Cash Flow and Net Income Data
Date (Data in THB Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 168,839.72 -2,808.70 1,414.77
2019-09-30 195,703.81 -3,714.66 711.13
2019-06-30 203,447.24 -1,541.90 686.52
2019-03-31 207,098.94 1,380.66 666.29
2018-12-31 209,159.31 2,263.25 655.04
2018-09-30 199,827.00 8,717.18 644.43
2018-06-30 190,349.43 10,288.29 654.72
2018-03-31 175,113.26 8,558.89 645.49
2017-12-31 170,535.40 8,895.35 649.15
2017-09-30 169,498.65 9,132.55 654.63
2017-06-30 165,882.35 7,485.31 632.69
2017-03-31 166,553.59 9,894.38 646.83
2016-12-31 155,081.81 8,688.09 617.84
2016-09-30 151,342.56 7,723.33 754.89
2016-06-30 155,794.58 5,942.35 901.85
2016-03-31 166,921.04 7,329.53 937.52
2015-12-31 178,876.88 8,227.47 946.47
2015-09-30 193,988.23 281.86 899.03
2015-06-30 216,145.77 677.09 736.25
2015-03-31 235,163.99 -2,592.49 674.23
2014-12-31 229,325.42 -6,367.38 641.17
2013-12-31 260,724.68 3,977.14 565.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Star Petroleum Refining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Star Petroleum Refining has efficiently used its assets last year compared to the Europe Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Star Petroleum Refining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Star Petroleum Refining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Star Petroleum Refining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Star Petroleum Refining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Star Petroleum Refining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Star Petroleum Refining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Star Petroleum Refining's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Star Petroleum Refining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Star Petroleum Refining Company Filings, last reported 3 months ago.

DB:1XRN Past Debt and Equity Data
Date (Data in THB Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 32,476.03 6,818.90 20.18
2019-09-30 35,953.79 1,606.89 18.25
2019-06-30 37,564.93 3,210.14 35.75
2019-03-31 39,467.37 0.00 1,070.81
2018-12-31 38,528.52 0.00 73.87
2018-09-30 42,322.92 8,934.85 43.23
2018-06-30 44,599.76 611.01 3,219.41
2018-03-31 42,790.47 1,413.28 5,292.55
2017-12-31 42,100.97 2,354.05 2,171.36
2017-09-30 40,371.84 3,297.35 1,413.50
2017-06-30 40,285.84 4,268.54 196.53
2017-03-31 42,971.43 5,249.85 4,658.37
2016-12-31 41,719.17 6,420.45 232.91
2016-09-30 37,674.96 7,149.48 1,585.11
2016-06-30 39,341.29 8,187.93 2,833.28
2016-03-31 37,569.64 3,570.25 7,012.19
2015-12-31 36,724.86 3,987.92 3,948.51
2015-09-30 33,254.18 0.00 2,571.01
2015-06-30 50,993.65 0.00 13,212.78
2015-03-31 46,908.31 0.00 10,994.31
2014-12-31 44,843.24 0.00 2,286.10
2013-12-31 52,970.21 0.00 3,380.18
  • Star Petroleum Refining's level of debt (21%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Star Petroleum Refining's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Star Petroleum Refining's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Star Petroleum Refining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Star Petroleum Refining has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Star Petroleum Refining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.83%
Current annual income from Star Petroleum Refining dividends. Estimated to be 8.4% next year.
If you bought €2,000 of Star Petroleum Refining shares you are expected to receive €57 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Star Petroleum Refining's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Star Petroleum Refining's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:1XRN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:1XRN Future Dividends Estimate Data
Date (Data in ฿) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.51 10.00
2021-12-31 0.44 14.00
2020-12-31 0.20 13.00
2020-03-31
DB:1XRN Past Annualized Dividends Data
Date (Data in ฿) Dividend per share (annual) Avg. Yield (%)
2020-02-21 0.125 2.224
2019-11-05 0.240 2.520
2019-08-07 0.240 2.721
2019-05-14 0.000 0.000
2019-04-17 0.000 0.000
2019-02-21 0.000 0.000
2018-08-14 1.273 10.250
2018-02-13 1.143 7.460
2017-08-11 1.107 6.549
2017-02-15 1.182 8.560
2016-02-16 1.977 18.019

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Star Petroleum Refining has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Star Petroleum Refining has only been paying a dividend for 4 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Star Petroleum Refining's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess Star Petroleum Refining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Star Petroleum Refining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Star Petroleum Refining has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Star Petroleum Refining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Timothy Potter
COMPENSATION ฿1,550,833
AGE 51
TENURE AS CEO 1.8 years
CEO Bio

Mr. Timothy Alan Potter is the Chief Executive Officer and Director at Star Petroleum Refining Public Company Ltd since April 6, 2018.

CEO Compensation
  • Insufficient data for Timothy to compare compensation growth.
  • Timothy's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Star Petroleum Refining management team in years:

6.7
Average Tenure
55
Average Age
  • The average tenure for the Star Petroleum Refining management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Timothy Potter

TITLE
CEO & Director
COMPENSATION
฿2M
AGE
51
TENURE
1.8 yrs

Wichai Chunhasomboon

TITLE
Chief Financial Officer
AGE
61
TENURE
10.8 yrs

Steve Gibson

TITLE
Deputy Chief Executive Officer of Operations
AGE
55
TENURE
6.7 yrs

Konlayuth Chotepatana

TITLE
Acting Manager of Technology & Engineering

Nattawan Khumwiwat

TITLE
Corporate Legal Counsel
AGE
38
TENURE
6.3 yrs

Chirasak Mhasuconda

TITLE
Manager of Human Resources
AGE
56
TENURE
9 yrs
Board of Directors Tenure

Average tenure and age of the Star Petroleum Refining board of directors in years:

3.6
Average Tenure
63
Average Age
  • The tenure for the Star Petroleum Refining board of directors is about average.
Board of Directors

Brant Fish

TITLE
Chairman of the Board of Directors
TENURE
0.8 yrs

Timothy Potter

TITLE
CEO & Director
COMPENSATION
฿2M
AGE
51
TENURE
1.8 yrs

Pliu Mangkornkanok

TITLE
Independent Vice Chairman of the Board
COMPENSATION
฿2M
AGE
71
TENURE
7.8 yrs

Robert Guthrie

TITLE
Independent Director
COMPENSATION
฿2M
AGE
72
TENURE
7.8 yrs

Manoon Siriwan

TITLE
Independent Director
COMPENSATION
฿2M
AGE
72
TENURE
7.8 yrs

Nicolas Bossut

TITLE
Director
COMPENSATION
฿2M
AGE
44
TENURE
3.6 yrs

Ling Kheng

TITLE
Director
COMPENSATION
฿2M
AGE
55
TENURE
3.3 yrs

Kamonwan Wipulakorn

TITLE
Independent Director
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Star Petroleum Refining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Star Petroleum Refining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Star Petroleum Refining Public Company Limited owns and operates a petroleum refinery in the Rayong Province of Thailand. The company provides transportation fuels and petrochemcial feedstock. It is also involved in production of liquefied petroleum gas, polymer grade propylene, naphtha, gasoline, jet fuel, diesel, fuel oil, crude, reformate, sulfur, mixed C4, and asphalt. It also exports its petroleum products. The company was founded in 1992 and is based in Mueang Rayong, Thailand. Star Petroleum Refining Public Company Limited operates as a subsidiary of Chevron Corporation.

Details
Name: Star Petroleum Refining Public Company Limited
1XRN
Exchange: DB
Founded: 1992
฿533,084,687
4,335,902,125
Website: http://www.sprc.co.th
Address: Star Petroleum Refining Public Company Limited
No.1, I-3B Road,
Tambol Map Ta Phut,
Mueang Rayong,
21150,
Thailand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SET SPRC Ordinary Shares The Stock Exchange of Thailand TH THB 08. Dec 2015
SET SPRC-R THB6.92 (NVDR) The Stock Exchange of Thailand TH THB 08. Dec 2015
DB 1XRN THB6.92 (NVDR) Deutsche Boerse AG DE EUR 08. Dec 2015
Number of employees
Current staff
Staff numbers
0
Star Petroleum Refining employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 23:07
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/21
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.